Four private firms win CPO auction

Jakarta (Antara News) - Four private companies have won a crude palm oil (CPO) sales bid which was held at the joint marketing office of PT Perkebunan Nusantara (PTPN) plantation company on Thursday, a PTPN official said.

The four firms, namely PT Smart, Darmex Oil & Fats (DOF), Permata Hijau Sawit (PHS) and Musim Mas (MM) offered the highest prices namely Rp4,139 per kg to PTPN II and PTPN III for 500 tons each and for 100 tons to PTPN IV, PTPN`s CPO marketing division head Dahlan Surbakti said here Thursday.

The CPO auction which was held during the fasting month of Ramadhan was sluggish, he said.

However, the plantation companies registered at the joint marketing office pushed through the auction.

PTPNs II, III and IV were the most active firms that took part in Thursday?s auction.

Dahlan said other PTPNs which did not participate in the bid were those that had claimed they did not have CPO reserves.

Therefore, he said, the government`s program to implement palm oil replantation project should receive full support from the concerned ministries and private agencies so that no PTPN would lack a CPO stock.(*)
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